2018年-SWIFT环球同业银行金融电讯_APAC_Funds_Processing_Automation_and_Standardisation_Report_–_H1_2018_15页_626kb

报告摘要

APAC Funds Processing Automation and Standardisation Report Summary (H1 2018)

Core Content

This report, published by the Association of the Luxembourg Fund Industry (ALFI) in collaboration with SWIFT, Asia Funds Automation Consortium (AFAC), and Hong Kong Investment Funds Association (HKIFA), provides an overview of the automation and standardisation of fund orders in the Asia-Pacific (APAC) region, focusing on Hong Kong, Taiwan, and Singapore. The data covers the first half of 2018 and highlights the progress and challenges in the adoption of ISO 20022 standards, proprietary FTPs, and the manual processing of fund orders.

Main Objective

The report aims to provide periodic insights into the operational efficiency of the funds processing industry in APAC, with a focus on automation and standardisation rates, and to support the industry in achieving cost reduction, risk mitigation, and efficiency improvement.

Key Information

Total Order Volume Evolution

Total orders processed by the 24 surveyed transfer agents (TAs) in H1 2018: 3.3 million.
Monthly average: 0.56 million.
Trend: The total order volume has remained relatively stable over the period.

Total Automation and Standardisation Rates

Total automation rate in H1 2018: 67.7%, down slightly from 69.4% in Q4 2017.
ISO automation rate: 30% in H1 2018, down from 32% in H2 2017.
Proprietary FTP rate: 36.4% in Q2 2018, slightly lower than 37.5% in Q4 2017.
Manual rate: 32.3% in Q2 2018, up from 30.6% in Q4 2017.

Automation and Standardisation by Region

Hong Kong

Survey coverage: 11 TAs contributed.
Total automation rate: 62.5% in Q2 2018, up from 61.7% in Q4 2017.
ISO automation rate: 23.3% in H1 2018, up from 22% in H2 2017.
Proprietary FTP rate: 38.2% in H1 2018, slightly down from 38% in H2 2017.
Manual rate: 38.5% in H1 2018, down from 40% in H2 2017.
Total orders processed: 1.5 million in H1 2018.

Taiwan

Survey coverage: 8 TAs contributed.
Total automation rate: 82.7% in Q2 2018, up from 81.7% in Q4 2017.
ISO automation rate: 39.6% in H1 2018, down from 45.7% in H2 2017.
Proprietary FTP rate: 41.9% in H1 2018, up from 35.4% in H2 2017.
Manual rate: 18.5% in H1 2018, down from 18.9% in H2 2017.
Total orders processed: 1.4 million in H1 2018.

Singapore

Survey coverage: 5 TAs contributed.
Total automation rate: 35.7% in Q2 2018, down significantly from 56.2% in Q4 2017.
ISO automation rate: 21.4% in H1 2018, down from 28.2% in H2 2017.
Proprietary FTP rate: 13.4% in H1 2018, down from 31.2% in H2 2017.
Manual rate: 65.3% in H1 2018, up from 40.6% in H2 2017.
Total orders processed: 0.45 million in H1 2018.

Main Views

Automation trends: Automation rates have shown mixed progress across the three regions, with Taiwan leading in automation and Singapore lagging significantly.
ISO adoption: The use of ISO 20022 messaging standards is increasing, but Singapore has seen a notable decline in its ISO automation rate.
Manual processing: Manual processing is still a significant part of the workflow in Singapore, while it has been decreasing in Hong Kong and Taiwan.
Regional comparison: The report highlights the need for greater harmonisation of financial standards and practices across APAC to improve operational efficiency.

Key Findings

Automation rates in Hong Kong and Taiwan have improved slightly, while Singapore has experienced a significant drop.
Manual processing remains a challenge in Singapore, with a rate of 65.3% in H1 2018.
ISO 20022 migration is expected to be mandatory, and the report underscores the importance of preparing for this transition.
Proprietary FTPs are still widely used, but their adoption has been declining in Singapore and Taiwan.
The report includes data on both domestic and cross-border fund orders, reflecting the global nature of the funds industry.

Conclusion

The APAC region is progressing in the automation and standardisation of fund orders, though the pace of change is uneven across different markets. Taiwan leads in automation, while Singapore lags behind. The report serves as a benchmark for the industry and highlights the importance of adopting ISO standards and improving operational efficiency to meet future regulatory and technological demands.

Next Steps

The next report will be published in Q2 2019, covering July 2017 to December 2018.
It will provide updated standardisation rates across the three APAC fund processing centres.
SWIFT and its partners will continue to support the transition to ISO 20022, aiming to enhance interoperability and efficiency in the funds industry.

Disclaimer

SWIFT provides this report for information purposes only. The data may change over time, and users are advised to refer to the latest version for accurate insights.